It is safe to say that you are asking why is petrol so costly in South Africa? Since the Automobile Association (AA) feels this is something each driver ought to be educated about, it has distributed a breakdown to teach shoppers on how the fuel cost is resolved, and where the cash from fuel demands is designated.
The fuel cost includes four primary components:
- The general fuel levy;
- The Road Accident Fund (RAF) levy;
- The basic fuel price (freight and insurance costs, cargo dues, storage and financing);
- Wholesale and retail margins, and distribution and transport costs.
The general fuel levy will now be R3.37/litre of 93 octane petrol, up from R3.15 last year. The RAF levy will be R1.93/litre.
The small customs and excise levy has remained unchanged at 0.4c/litre.
South Africans will, therefore, be paying a total of R5.34 in taxes per litre of petrol, up from R4.82 last year.
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| Below is the full break-down for coastal petrol (93 Unleaded): |
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| And inland (95 Unleaded): |
The fuel prices for July 2018 will be adjusted as follows:
- Petrol (93 Octane, ULP and LRP): 26.00 c/l increase;
- Petrol (95 Octane, ULP and LRP): 23.00 c/l increase;
- Diesel (0.05% sulphur): 26.00 c/l increase;
- Diesel (0.005% sulphur): 24.00 c/l increase;
- Illuminating Paraffin (wholesale): 22.00 c/l increase;
- SMNRP for IP: 30.00 c/l increase;
- Maximum LPGas Retail Price: 37.00 c/kg increase.
